Online VA home loan

An online VA home loan can be applied for through an Internet website that allows veterans and their spouses to qualify to purchase a residence with zero down. These contracts are guaranteed by the Veterans Administration and are available to all veterans through participating lenders or can be made directly through the Department of Veteran Affairs for those who don't qualify under regular lending standards. There are limited funds made available for direct loans, and once a veteran qualifies through a traditional lending institution, he must reapply for the online VA home loan in order to receive the lender's funds.